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Opinion by Ieva0311 posted over a year ago
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SM Ent. Artist
How Comebacks, Bad News, and Rumors affect SM Entertainment's stock price

November 14, 2015 @ 2:51 pm

SM Entertainment went public in the early 2000's and is listed on the KOSDAQ as 041510. The stock has split multiple times since its IPO and the stock price has risen exponentially. This has made SM chairman Lee Soo Man a very wealthy man and his stock holdings in the company he founded are worth over $200 million USD. He has a high net worth due to his stock holdings but that can fluctuate depending on the stock price at any given moment. If SM's stock price were to drop 10%? That means he lost over $20 million USD to his net worth (on paper).

As investors eagerly pay attention to news articles for entertainment companies and their artists, it is said that entertainment labels are especially sensitive towards any negative news and rumors about their artists. It is because artists are considered as 'Public Persons' in Korean society and their image and reputation can directly impact company income. A big scandal happens and suddenly a lucrative concert tour has to be canceled? There goes a big chunk of projected revenue for the quarter, the...
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